Monetary Policy for a Bubbly World
收藏NBER2016-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22639
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资源简介：
We propose a model of money, credit and bubbles, and use it to study the role of monetary policy in managing asset bubbles. In this model, bubbles pop up and burst, generating fluctuations in credit, investment and output. Two key insights emerge from the analysis. First, the growth rate of bubbles,
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美国国家经济研究局创建时间：
2016-09-01
